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Weekly forecast US Dollar / Turkish Lira technical chart
Symbol USDTRY

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Trade Setup

#USDTRY
Total Profit: 8815 pip
Closed trade(s): 5354 pip Profit
Open trade(s): 3461 pip Profit

Trade Setup:
We opened 4 BUY trade(s) @ 4.7302 based on 'Trough (Valley)' entry method at 2018.07.09.

Closed Profit:
TP1 @ 4.8035 touched at 2018.07.11 with 733 pip Profit.
TP2 @ 4.9225 touched at 2018.07.12 with 1923 pip Profit.
TP3 @ 5.0000 touched at 2018.08.01 with 2698 pip Profit.
733 + 1923 + 2698 = 5354 pip

Open Profit:
Profit for one trade is 5.0763(current price) - 4.7302(open price) = 3461 pip
1 trade(s) still open, therefore total profit for open trade(s) is 3461 x 1 = 3461 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 4.90000 is broken, we will close open trades.
  • Price may also reach 4.90000, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.
DateAugust 5, 2018 - 19:12
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 4.90000 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 4.90000 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 70.

Take Profits:

  1. 4.8035
  2. 4.9225
  3. 5.0000
Click on the level to view price action history.
Symbol Released Current Forecast
US Dollar / Turkish Lira (USDTRY) new free Sun, 14 Apr 2024
US Dollar / Turkish Lira (USDTRY) Sat, 6 Apr 2024
US Dollar / Turkish Lira (USDTRY) free Sat, 30 Mar 2024
US Dollar / Turkish Lira (USDTRY) free Sat, 23 Mar 2024
US Dollar / Turkish Lira (USDTRY) free Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on USDTRY.